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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 10-C
New York Health Care Corporations
TITLE 2
Nassau Health Care Corporation
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SECTION 3408
Remedies of bondholders
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TITLE 2
Nassau Health Care Corporation
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SECTION 3410
Monies of the corporation
This entry was published on 2014-09-22
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SECTION 3409
State and county not liable on corporation bonds
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 10-C, TITLE 2
§ 3409. State and county not liable on corporation bonds. (a) The
state shall not be liable on the bonds or notes of the corporation and
such bonds or notes shall not be a debt of the state, and such bonds and
notes shall contain on the face thereof a statement to such effect.

(b) Except as may be authorized by the county pursuant to section
seven of article seventeen of the state constitution and section
thirty-four hundred seven of this title, the county shall not be liable
on the bonds or notes of the corporation and such bonds or notes shall
not be a debt of the county, and such bonds and notes shall contain on
the face thereof a statement to such effect or a statement describing
the county liability thereon, if any.